Dec, 31, 2023 — EDISTO FEDERAL CREDIT UNION is a federal credit union headquartered in ORANGEBURG, SC with 1 branch location and about $22.97 million in total assets. Opened 88 years ago in 1936, EDISTO FEDERAL CREDIT UNION has about 2,905 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDISTO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1880 Russell St ORANGEBURG, SC 29115-6107 |
| Phone: | (803) 535-0077 |
| Fax: | (803) 539-9020 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,905 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1397 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,970,726 |
| CEO/Manager: | Leofice J Williams |
| Chairperson: | Georgia G Montgomery |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,944,242 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,341,171 |
| Unsecured Loans | 3,658,828 |
| Other Loans | 3,688,313 |
| TOTAL LOANS | 11,688,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -150,000 |
| Land And Building | 132,843 |
| Other Fixed Assets | 2 |
| NCUSIF Deposit | 196,125 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,970,726 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 77 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,571,542 |
| Regular shares | 9,253,394 |
| All Other Shares & Deposits | 8,468,793 |
| TOTAL SHARES & DEPOSITS | 19,293,729 |
| TOTAL LIABILITIES | 19,357,625 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,613,101 |
| TOTAL EQUITY | 3,613,101 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,970,726 |
| INCOME & EXPENSE | |
| Loan Income | 826,853 |
| Investment Income | 451,310 |
| Other Income | 269,512 |
| Total Employee Compensation & Benefits | 786,092 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 496,370 |
| Non-operating Income & (Expense) | 16,070 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,959 |
| Cost of Funds | 90,947 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 312,620 |
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